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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: AUGUST 18, 1997
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(DATE OF EARLIEST EVENT REPORTED)
CANTERBURY PARK HOLDING CORPORATION
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(Exact name of registrant as specified in its charter)
MINNESOTA 0-24554 41-1775532
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of Incorporation)
1100 CANTERBURY ROAD
SHAKOPEE, MN 55379
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(Address of principal executive offices)
Registrant's telephone number, including area code: (612) 445-7223
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On August 18, 1997 the Registrant purchased a 30 acre tract of undeveloped
land which fronts County Road 83 immediately to the north and east of the
Canterbury Park racetrack. The Registrant purchased the land from CAR-NAV, a
Minnesota general partnership. The purchase price for the property was $925,000
which was paid in cash to the seller using funds obtained from an advance on a
line of credit which the Registrant has with its largest shareholder and
Chairman, Curtis Sampson. The Registrant expects that some form of term
financing for this purchase will be arranged in the near future.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not applicable.
ITEM 4. CHANGES IN CERTIFYING ACCOUNTANT.
Not applicable.
ITEM 5. OTHER EVENTS.
Not applicable.
ITEM 6. RESIGNATIONS OF DIRECTORS.
Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Not applicable.
ITEM 8. CHANGE IN FISCAL YEAR.
Not applicable.
ITEM 9. SALES OF EQUITY SECURITIES.
Not applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CANTERBURY PARK HOLDING CORPORATION
By /s/ Richard A. Primuth
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Richard A. Primuth
Corporate Secretary
August 28, 1997
